Vicor (NASDAQ:VICR) Director Zheng John Shen Sells 1,217 Shares

Vicor Corporation (NASDAQ:VICR) Director Zheng John Shen sold 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $205.75, for a total transaction of $250,397.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Zheng John Shen also recently made the following trade(s):

• On Monday, February 23rd, Zheng John Shen sold 2,503 shares of Vicor stock. The stock was sold at an average price of $175.96, for a total transaction of $440,427.88.

Vicor Stock Down 8.5%

Shares of Vicor stock traded down $15.50 during trading on Friday, reaching $166.42. The company’s stock had a trading volume of 375,745 shares, compared to its average volume of 717,744. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The business’s 50-day moving average price is $156.66 and its 200-day moving average price is $101.75. The firm has a market cap of $7.43 billion, a PE ratio of 63.76 and a beta of 1.84.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. During the same quarter in the previous year, the company posted $0.23 EPS. Vicor’s quarterly revenue was up 11.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the period. The Manufacturers Life Insurance Company increased its stake in Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Vicor by 39.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Vicor has an average rating of “Buy” and an average price target of $118.33.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.